Operates an engineering business classified under capital goods, specifically in the agricultural, commercial and construction vehicles space. The active reporting segment, Engineering (MHED), accounted for 100% of segment revenue (₹44.00 crore) in the most recent segment disclosure (year ended March 2020), with a 9.3% EBIT margin. A second segment, Sub Assembly Chairs, recorded zero revenue in that disclosure and reported a negative EBIT, indicating it is inactive. In the FY26 audited results filed in May 2026, the company stated that no segment reporting is applicable and that it has no subsidiaries, joint ventures or associates. FY26 total revenue was ₹73.11 crore, down 19.0% year-on-year, with net profit of ₹5.57 crore. Raw materials are the dominant cost at 59.4% of revenue, followed by employee costs at 19.1% and other operating expenses at 16.3%. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Engineering (MHED) (100%), Sub Assembly Chairs (0%). Small, single-segment capital goods engineering company with a dormant secondary line
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 47 | 60 | 75 | 90 | 73 |
| EBITDA (ex other income) | 5 | 7 | 12 | 31 | 7 |
| margin % | 10.7 | 12.2 | 16.4 | 34.1 | 8.9 |
| Owners' profit | 3 | 5 | 8 | 24 | 6 |
| EPS, as reported (₹) | 14.19 | 22.47 | 37.40 | 106.73 | 24.78 |
| ROE % · ROCE % | 32.3 · 20.3 | 33.9 · 28.9 | 36.1 · 41.9 | 50.8 · 61.9 | 10.5 · 15.0 |
| Debt / equity (x) | 1.80 | 0.94 | 0.33 | 0.19 | 0.09 |
| Cash from operations | 1 | 5 | 6 | (1) | 3 |
| Capex | (0) | (2) | (2) | (12) | (1) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23 | 20 | 27 | 20 | 13 | 23 | 17 | 17 |
| Profit before tax | 3 | 3 | 20 | 2 | 1 | 3 | 2 | 1 |
| Net profit | 2 | 2 | 17 | 2 | 0 | 2 | 1 | 1 |
| EPS (₹) | 10.81 | 9.41 | 75.80 | 6.84 | 2.12 | 9.73 | 6.09 | 3.43 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BEML LIMITED | 16,914 | 74.7 | 5.77 | 52.4 | 4.8 | 4.8 | 4.1 | 0.4 |
| ACTION CONST EQUIP LTD | 13,470 | 30.8 | 6.70 | 21.8 | 20.6 | 27.4 | 21.7 | 22.0 |
| AJAX ENGINEERING LIMITED | 6,750 | 29.6 | 4.85 | — | 16.2 | 21.4 | — | 16.3 |
| TIL LTD | 2,008 | — | 18.08 | 182.7 | (27.7) | (16.4) | 0.6 | 5.9 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 3 Sept 2026 · Newspaper publication of 80th AGM notice and e-voting information | compliance | minimal | — | — |
| 31 Aug 2026 · Notice of 80th AGM and Annual Report 2025-26 web link | compliance | minimal | — | — |
| 31 Aug 2026 · Annual Report FY25-26 and 80th AGM Notice submitted to BSE | compliance | low | — | — |
| 31 Aug 2026 · 80th AGM on Sep 26, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 25 Aug 2026 · 80th AGM notice and KYC update request to shareholders | compliance | minimal | — | — |
| 17 Aug 2026 · Brady and Morris publishes Q1 FY27 results in newspapers | compliance | minimal | — | — |
| 13 Aug 2026 · Brady & Morris Q1 FY27 results: PAT at Rs 137.13 lakh, clean audit | results | high | — | — |
| 13 Aug 2026 · Brady and Morris Q1 FY27 PAT at Rs 137.13 lakh, revenue declines 12% YoY | results | high | — | — |
| 30 Jul 2026 · Board meeting on Aug 13 to approve Q1 FY27 unaudited results | results | low | — | — |
| 14 Jul 2026 · RTA compliance certificate for quarter ended June 30, 2026 | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| INDO FARM EQUIPMENT LTD |
| 674 |
| 27.0 |
| 1.21 |
| 11.6 |
| 4.4 |
| 5.6 |
| — |
| 14.1 |
| BRADY & MORRIS ENGINEERING CO. ◆ | 154 | 32.0 | 2.91 | — | 10.5 | 13.4 | — | 8.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 32.0 | 23.6 | 412 of 635 | 35% |
| P/B | 2.9 | 2.7 | 287 of 551 | 48% |
| ROCE | 13.4 | 10.9 | 264 of 665 | 60% |
| ROE | 10.5 | 9.6 | 272 of 591 | 54% |
| Debt / Equity | 0.1 | 0.2 | 246 of 591 | 59% |
| EBITDA margin | 8.4 | 12.6 | 388 of 556 | 30% |
| Revenue growth | (12.1) | 15.9 | 449 of 547 | 18% |
| Profit growth | (49.9) | 21.8 | 439 of 540 | 19% |
| Market cap | 154 | 421 | 418 of 661 | 37% |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
